KUALA LUMPUR, Nov 5 (Bernama) -- Bursa Malaysia closed higher, buoyed by Bank Negara Malaysia’s (BNM) decision to maintain the Overnight Policy Rate (OPR) at 2.75 per cent, alongside positive cues from Wall Street. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 19.30 points, or 1.19 per cent, to 1,635.86 from Wednesday’s close of 1,616.56. The benchmark index opened 6.72 points higher at 1,623.28, and fluctuated between an intraday high of 1,642.44 and a low of 1,622.62 during the trading session. However, market breadth was negative, with losers outnumbering gainers 723 to 497, while 466 counters were unchanged, 1,075 untraded and 10 suspended. Turnover rose to 3.74 billion units valued at RM3.61 billion compared with yesterday’s 2.81 billion units valued at RM2.57 billion.
Google is making a significant investment in the development of small modular reactors (SMRs) , backing a partnership with Kairos Power to construct reactors that use molten-salt cooling technology . The agreement is part of Google’s strategy to secure carbon-free electricity for its expanding network of data centers over the next decade. Power supplies from these SMRs are expected to come online between 2030 and 2035 . The deal includes support for Kairos Power's 50-megawatt (MW) demonstration Hermes project in Tennessee, followed by commercial-scale reactors sized at 75MW , with the aim of generating a total of 500 MW of clean energy . With rising demand for electricity due to the rapid growth of artificial intelligence (AI) systems , tech companies like Google are increasingly looking for reliable, carbon-free energy sources . The move is seen as a way to avoid dependence on natural gas plants and to align with environmental goals . “This is the first agreement of its kind,...